Thanks to an overabundance of cars after the peak holiday travel season and stiff competition among rental car companies in certain markets, prices on daily and weekly rentals across the country are expected to be lower this year, said Chris Brown, executive editor of Auto Rental News.

For example, Dollar Rent A Car is offering a compact car for just $26 a day, or $136 a week, until Feb 11. Meanwhile, Budget is offering 20% off on rentals until March 31.

More deals are available through travel sites like Expedia or the car rental company's own site. For example, Hertz.com has a special deals page with offers like $10 off a day or $30 off on a weekend rental.